Gulf Shores Acquires Southeast Saskatchewan Acreage
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/04/11 -- Gulf Shores Resources Ltd. (TSX VENTURE: GUL)(FRANKFURT: GFU) (Gulf) has entered into an agreement with a private arm's length Saskatchewan Company whereby Gulf will pay 60% of the cost of drilling, completing and equipping a vertical Bakken oil well to earn a 39% working interest in 160 acres in the Wapella area of southeast Saskatchewan. Gulf will pay 39% of the drilling, completion and equipping costs of an additional 3 vertical Bakken oil wells on the 160 acres to earn a 39% working interest in each well. Gulf also earns the right to participate on the same basis on an adjacent 320 acres.
The acreage is centered on a seismically defined structure located one mile from existing Bakken oil production.
The first well is expected to be drilled this month.
ON BEHALF OF THE BOARD
Michael Turko, President & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contacts:
Gulf Shores Resources Ltd.
Mr. Gerald Otterman
(604) 683-3309 or Toll Free: (866) 292-2601
(604) 844-2834 (FAX)
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Datum: 04.08.2011 - 07:00 Uhr
Sprache: Deutsch
News-ID 1027597
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Oil & Gas
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